Maersk Oil on Tuesday started exploration drilling on the Tvillingen South prospect in production licence 510 in the Norwegian Sea. Partners in the licence are Maersk Oil Norway AS (operator with 50 per cent), Edison Norge AS (30 per cent) and North Energy (20 per cent). According to Edison, the ope
The Petroleum Safety Authority Norway (PSA) has given its consent to Lundin Norway to drill exploration well 7220/6-2 in the Barents Sea with the Island Innovator drilling rig. Lundin is the operator for production licence 609 in block 7220/6 in the Barents Sea. Exploration well 7220/6-2 is to be dr
The Petroleum Safety Authority Norway (PSA) has given Statoil consent to use pipelines and subsea production facilities on the Åsgard field, in the central Norwegian Sea. Statoil is the operator of Åsgard, which lies in 200-300 metres of water. Åsgard comprises finds the following finds: 6506/12-1 S
The video above will enable you to go inside an offshore accommodation rig, used to support offshore oil and gas operations. The video, shared by Teekay Offshore, shows the Arendal Spirit unit, hired by the Brazilian oil company Petrobras. The Sevan Marine-designed rig was built in 2015 in China. Th
Danish drilling contractor Maersk Drilling has been awarded a new contract for the jack-up rig Mærsk Giant with its compatriot firm DONG Energy. The firm contract covers 150 days of work on the Nini and Siri field in the Danish part of the North Sea. The estimated contract value is $6 million. The c
Otto Energy, the operator of the Hawkeye well offshore Palawan, in the Philippines, has placed the blow-out preventer (BOP) on the seabed and is continuing with the drilling operations. To remind, Hawkeye-1 exploration well was spud on July 31 2015, with the Maersk Venturer drillship. Red Emperor Re
The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom. The contract has a duration of approximately 20 weeks and an estimated contract value of $40 million. The area of operation is in blocks 130 and 131 offshore Vietnam. The contract also inclu
U.S. weekly offshore rig count has climbed up from last week, Baker Hughes informed on Friday in its Weekly Rig Count reports. BHI Rig Count: U.S. +10 to 884 rigs U.S. Rig Count is up 10 rigs from last week to 884, with oil rigs up 6 to 670, gas rigs up 4 to 213, and […]
Ocean Rig UDW, an offshore drilling contractor, has reported a rise in quarterly profit, and revealed it may be entering the distressed M&A game. The company Thursday reported net income of $74.9 million for the second quarter of 2015, as compared to a net income of $69.6 million, for the same perio
The worldwide offshore rig count in July 2015 dropped to 299 active units, down by ten from 309 in June 2015, and down 96 rigs from July last year, Baker Hughes reported Friday. According to the report, the international offshore rig count in July (excluding the U.S. and Canada) was 264, down from 2
Offshore drilling contractor Pacific Drilling has posted a drop in its second quarter 2015 profit, when compared to the same period a year ago. The company’s net profit was $47.1 million in 2Q 2015, versus $49.8 million in 2Q 2014. Contract drilling revenue for second-quarter 2015 was $273.9 million
Two Bureau of Safety and Environmental Enforcement (BSEE) inspectors are overseeing Shell drilling operations 24/7 in the Chukchi Sea to ensure compliance with federal regulations and safety standards. According to a BSEE statement issued Wednesday, the inspectors boarded the semi-submersible drilli
Lundin Norway AS has completed the drilling and logging of appraisal well 16/1-23 S on the Edvard Grieg field in the Norwegian North Sea. The well was located in PL338 and was drilled approximately 2.4 km southeast of the Edvard Grieg platform location. According to Lundin, the objectives of the wel
ExxonMobil has moved its drillship from the disputed waters offshore Guyana, where it recently made a significant oil discovery, triggering a maritime border spat between Venezuela and Guyana. According to reports, the Transocean-owned Deepwater Champion drillship which had been used for drilling at
